Selling ebooks online can be really profitable but there are a few important things you need to know in order to earn an income from it.
In this article I will share useful tips about how to find out if there is a market for what you are offering, if it is a better idea to write your own material or sell someone elses ebooks and finally where to sell your ebook for best results.
Selling information on the web is very profitable because you write the information one time and customers are able to download it immediately after payment.There is no need for a warehouse with expensive postage and packaging.
Customers will receive their purchase instantly and you will save money at the same time.This means that you can sell your e-book for less and make more money.
#1.Is there a market for my ebook?
It is a waste of both time and money to write a great ebook if you don´t know that it will sell.Many people who are selling information on the web first write the ebook and then do market research when it should be the other way around.A ground rule is, if there is a magazine written about the topic and/or there is a TV show (for instance weight loss), then there is a market for it.
Basically, you need to find a niche that has low competition but many people are still interested in the topic and willing to spend money to solve their problem.Market research is very time consuming but you cannot guess what people want.If you don´t know exactly what people are looking for, then you will waste your time and money.
What are you interested in? Chances are that many other people are too.Visit discussion boards and forums that talk about things you are interested in.Browse around and see what they are talking about, especially what problems they have and need a solution.You could write an ebook that solves their problem and they would be willing to pay you money for doing so.
Write down all your ideas and do keyword research to find out how many people are searching for that keyword phrase in the search engines per month and how much competition there is and if the phrase is commercial.As I mentioned before, you need to find a topic will low competition, lots of searches per month and information about how commercial the phrase is, are people willing to spend money? There are a few great external keyword tools on the web that you should take advantage of.
Professional internet marketers often use a tool called Market Samurai for analyzing keyword phrases.You can download the tool for free at MarketSamurai.com and try it for 2 weeks.It is the best tool for finding high-traffic and low-competition markets.
#2.Writing your own ebook vs. Outsourcing vs. Selling someone elses
Which is better – writing your own or selling someone elses ebook for a commission? If you write your own ebook, it will be 100% unique.You are the only one selling it and you will keep all the profits.Writing your own ebook can be really fun especially if you choose a niche that you are knowledgeable in.This allows you to share tips and “inside secrets” that provides more value for the reader and helps solve their problem.
You can also outsource the writing to a freelancer.This is a really good option if the ebook is about something you are not knowledgeable in.If you want your ebook to be written in English, choose a writer that is a native speaker in order to avoid grammatical errors.You will also need professional looking covers and graphics.There are a few places you can outsource these things for under $1,000.I recommend visiting a website called ELance.com.
Selling someone elses ebook for a commission is perhaps the most popular way.This method can work if you already have a website that talks about closely related things.However, your reputation is important and you cannot afford to sell ebooks that are of low quality.If you are selling someone elses ebooks on your own site, make sure you buy the ebook yourself and read it before you link to it.Reading the ebook allows you to write a review about it which makes it easier to promote it and earn commissions.
Another option to selling ebooks online is buying with resell rights.You are buying someone elses ebook and have the right to sell it online and keep all the profits.The most important thing is quality! Low quality means lots of refunds and a bad reputation.You need to be careful.
#3.Where to sell your ebook?
When you have your ebook, it is time to earn money from it.There are many different options when it comes to selline ebooks online.Most people want to automate things as much as possible and ebooks is perhaps one of the best ways to earn passive income online.
Another important thing is the price point.How much can you charge for it? Is it better to sell more for less or less for more? It all depends on the information you provide and the niche.People associate cheap with bad quality and expensive with really great quality.I would keep the price between $27
You have made the ebook to make money and also help people who are looking for a solution to their problem.People are willing to pay quite a lot in order to solve a problem.Take a look on the web, how much are similar ebooks selling for? This might give you an idea.
Here are 3 options you can look into.
1.Get a domain name and build a sales page!
You can get a .com domain from Godaddy.com and a cheap hosting account from Host Then Profit.Make a simple WordPress blog with a sales page to your product (remember to outsource the writing of the sales page) add a PayPal “Buy now” button and you are ready to go.When someone buys your ebook they can download it directly after payment.PayPal has some great merchant services that makes it really easy to setup.Customers can pay using PayPal or all major credit cards.The problem with this approach is that you need to take care of possible refunds and answer questions.
2.Sell your ebook on big e-commerce websites!
Instead of investing money in your own domain name, hosting account and paying someone to write to a great sales page, sell your ebook on huge e-commerce sites like TripleClicks, and ShareASale.com.Their customer service will take care of possible refunds, people can join their affiliate program to sell your ebook (more money for you!) and they will pay you automatically every month.It is free to sign up for these e-commerce sites, you can have your item for sale at all of them if you want.You just set it up and it takes care of itself.
3.Selling your ebook on Amazon.com can be really profitable too, here´s how it works:
#4.How will people find my ebook?
Marketing your ebook is also really important, if no one knows you are offering a solution to their problem, how can they buy? The easiest way to get people to buy your ebook is to join discussion boards that are in the same niche as your ebook.You are not allowed to advertise on forums, but you can use a signature file.
The sig file will automatically appear under every post you make on the forums.The sig file should naturally lead to your ebook sales page.If you decide to sell it on Amazon, it is possible to get a lot of organic search engine traffic because Amazon seems to rank really well in search engines.
Social bookmarking is also an effective way to get the word out.Almost everyone has a Facebook or Twitter account these days.
If you have a blog you could write a review about your ebook and link it to the sales page.Another way is to purchase cheap ezine advertising and have ezine owners to publish your advertisement to their lists.
These were a few simple ideas for selling ebooks online.I know this can be done in many different ways, this is just how I have made money with it.